Avalanche AVAX has been hit exceptionally hard due to the Terra Luna collapse, having endured a 90% retracement from its previous all-time high.

The bulls are fighting back on the 3-day time frame, showing signs of a potential reversal with the RSI having crossed its triple top of 31. That being said, volume in recent days has been far from exceptional so the ball is still in the court of the bulls to show their strength.

Even if the bulls do recover, there is stiff resistance ahead for Avalanche as can be seen with the VRVP indicator.

The daily time frame is where the bulls are showing their heads, having created and maintained a short uptrend. Let’s see what our technical analysis around Avalanche AVAX price prediction reveals!

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01:40 Avalanche Avax Price Prediction

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Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.

AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.

Solana crypto is a high throughput blockchain based on the Proof of History (PoH) and Proof of Stake (PoS) consensus. Built by a team of networking engineers, Solana aims to become the blockchain infrastucture for modern internet applications.

Solana’s native currency is SOL. Solana (SOL) is used to pay for transaction fees and staking in order to support the network.

The Ultimate Comparison Guide Between Avalanche and Solana

Timestamps
0:00 Avalanche AVAX and Solana SOL
3:29 Blockchain Features
6:25 Consensus Mechanism
7:29 Decentralization
9:02 SOL and AVAX News
10:38 Tokenomics
12:46 Ecosystem
13:57 Final Thoughts

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Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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